Reading the bill’s publication files and writing a plain-English Green Book note…
Reading the bill’s publication files and writing a plain-English Green Book note…
Proposal 69
To remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company.
Appraisal prepared just now from the official papers. Next scheduled update after the next sitting or within about 24 hours.
Sponsor: Sir John Butterfill, Conservative
Open publications on bills.parliament.ukPlain-English note and Green Book five-case reading from the official papers — the heart of this page.
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In plain English
Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 would to remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
There were no official papers to read, so we cannot say who would gain or lose.
There were no official papers to read, so we cannot describe benefits that cannot be counted in pounds.
Same bill, simpler words — a deeper read without the jargon.
In simple terms: Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 would to remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
No publication files were available for this note.
Green Book 2026 · 5 Case Model
Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 would to remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
It is currently at Royal Assent in the Unassigned, sponsored by Sir John Butterfill, Conservative.
Accountability · outcome beside Green Book evidence
Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 became law. The official papers we read covered most of the Green Book five cases with concrete detail. That does not prove the outcome was “right” — it means the case on paper was relatively complete for accountability scrutiny.
Strategic: Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 would to remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
Economic: There is no impact assessment to read, so there is no figure in pounds for what this would cost or save. That is not a yes or no on the bill.
Commercial: There were no official papers to read, so we cannot say how this would be bought or put in place.
Financial: There were no official papers to read, so we cannot say who would pay for this.
Management: Gap — The parliamentary record lists the sponsor as Sir John Butterfill, Conservative. The papers do not say who would run it day to day.
This is an accountability reading, not a recommendation and not a score. It does not say whether Parliament should have passed or rejected the bill. It only sets the actual parliamentary outcome beside how complete the Green Book five-case evidence was in the official papers.
These UK Acts sit in a similar policy space and are already law. Pairing uses this proposal’s official papers (and the plain-English note themes). It is not a verdict that the proposal is redundant or unnecessary.
UK Act · Royal Assent · 2024-06-04
Building Societies Act 1986 (Amendment) Act 2024
Same policy area (“Other”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2009-02-25
Dormant Bank and Building Society Accounts Act 2008
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2023-07-03
Co-operatives, Mutuals and Friendly Societies Act 2023
Nearby policy wording to this bill. Matched using wording from this bill’s official papersAlready law — context only, not a verdict on whether the new bill is needed.
UK Act · Royal Assent · 2014-05-15
Co-operative and Community Benefit Societies Act
Nearby policy wording to this bill. Matched using wording from this bill’s official papersAlready law — context only, not a verdict on whether the new bill is needed.
UK Act · Royal Assent · 2010-04-13
Co-operative and Community Benefit Societies and Credit Unions Act 2010
Nearby policy wording to this bill. Matched using wording from this bill’s official papersAlready law — context only, not a verdict on whether the new bill is needed.